516 Lilac Dr · Birmingham, AL 35215

$109,900

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 7 Days on market

Built 1955 0.25 ac lot Est $108k · at est.

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.4/30.0
• DSCR +8.4/10.0
• 1% rule +6.6/10.0
• ARV discount +6.5/15.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * * * * * * * * * * * * * * Just Reduced, Motivated Seller * * * * * * * * * * * * * * * * * Wow ! Come Home To This Beautiful, Well Keep Home Right Here In Roebuck Gardens. This Home Is Just 5 Minutes Away From The Freeway, 10 Mins From Trussville, 10 Mins From Downtown. The Home Has Been Fully Updated And Has A Large Flat Fenced In Back Yard With Open Deck And Storage Shed. New Windows, New HVAC, New Roof, Total Electric. A Must See, Schedule Your Showing Today !

Key facts

• 0.25 acre lot
• Parking
• Built 1955

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 9.1% vs local median 6.2% in Birmingham — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#78 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities C-, crime F, employment F.
• Birmingham City (urban): math 4% / reading 20% proficiency, ranked #116 of 129 in AL (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL).
• Market conditions: Rents rising (+3.0%/yr); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,900

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.16% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.89%
• DSCR: 1.44
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $107,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
508 Camellia Rd	0.12mi	3/1.0	1,048 (-6%)	6mo	$20,000	$19	78
808 Meadowbrook Dr	0.47mi	3/1.0	1,112 (-1%)	1mo	$149,900	$135	76
940 Meadowbrook Dr	0.28mi	4/1.0 (+1)	1,149 (+3%)	6mo	$108,000	$94	72
936 Parkway Dr	0.38mi	2/1.0 (-1)	1,062 (-5%)	3mo	$104,500	$98	66
536 Camellia Rd	0.17mi	3/1.0	1,288 (+15%)	7mo	$69,999	$54	61
756 Meadowbrook Dr	0.57mi	3/1.0	1,172 (+5%)	9mo	$130,000	$111	58
328 Pat Ave	0.52mi	3/1.0	1,244 (+11%)	1mo	$93,500	$75	56
1128 Dogwood Ln	0.40mi	3/1.0	1,272 (+14%)	6mo	$132,500	$104	54
1153 Linwood St	0.72mi	3/1.0	1,068 (-5%)	10mo	$75,500	$71	50
917 Hagwood Rd	0.71mi	3/1.5	1,217 (+9%)	1mo	$134,900	$111	50
900 Charles Ct	0.73mi	3/2.0	1,234 (+10%)	8mo	$119,000	$96	38
901 Springville Rd	0.68mi	3/2.0	975 (-13%)	6mo	$68,000	$70	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.95×
• Total profit: $-1,595
• Equity at exit: $16,386

10-year hold

• IRR: 8.4%
• Equity multiple: 1.64×
• Total profit: $19,668
• Equity at exit: $9,502

Cash invested: $30,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 334
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,270 high
• Mortgage (P&I): −$576
• Tax from tax record: −$127 /mo · $1,527/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $254

Break-even live

Break-even rent $949

Max offer price $109,900

Occupancy floor 75%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	3d	1	0.14mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	43d	1	0.28mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	43d	1	0.35mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	11d	1	0.40mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	23d	1	0.40mi
818 Sunset Dr Birmingham, AL	3.0	1.0	992	$1,000	$1.01	43d	1	0.42mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	19d	1	0.43mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	0.46mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	15d	1	0.55mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	43d	1	0.59mi
837 Wear Dr Birmingham, AL	3.0	2.0	936	$1,295	$1.38	1d	1	0.64mi
736 Gene Reed Rd Birmingham, AL	3.0	2.0	1353	$1,220	$0.90	43d	1	0.71mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	2d	1	0.72mi
628 Annie Laura Dr Birmingham, AL	3.0	1.0	844	$1,195	$1.42	43d	1	0.77mi
529 Robison Dr Birmingham, AL	2.0	1.0	960	$960	$1.00	21d	1	0.80mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	0.81mi
208 Sam Pate Dr Birmingham, AL	3.0	2.0	988	$1,385	$1.40	1d	1	0.83mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	43d	1	0.83mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	23d	1	0.84mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	43d	1	0.85mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	23d	1	0.91mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	14d	1	0.91mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	43d	1	0.92mi
1301 5th Pl NW Center Point, AL	3.0	1.0	1170	$1,100	$0.94	3d	1	0.92mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.92mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	0.93mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	0.94mi
1305 5th Pl NW Center Point, AL	3.0	2.0	1092	$1,200	$1.10	43d	1	0.94mi
603 Camp Ct Birmingham, AL	3.0	1.0	936	$1,300	$1.39	43d	1	0.98mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	23d	1	1.00mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	15d	1	1.01mi
1028 Broadmoor Dr Birmingham, AL	3.0	1.0	1079	$1,085	$1.01	3d	1	1.02mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	43d	1	1.03mi
216 Sanford Dr Birmingham, AL	3.0	1.5	1134	$1,200	$1.06	43d	1	1.04mi
201 Rose Dr Birmingham, AL	3.0	1.0	972	$1,100	$1.13	15d	1	1.04mi
848 Old Trail Rd Birmingham, AL	2.0	1.5	930	$925	$0.99	23d	1	1.06mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	43d	1	1.06mi
1356 5th Pl NW Center Point, AL	3.0	1.0	1064	$1,105	$1.04	43d	1	1.11mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	1d	1	1.15mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	21d	1	1.23mi

Listing history 12 events

1. 2026-02-13
   status Pending
2. 2026-02-06
   listed $109,900 Active
3. 2022-03-01
   soldstatus $101,073
4. 2022-02-13
   price $1,175
5. 2019-07-24
   soldstatus $95,000
6. 2019-07-22
   soldstatus $95,000 Sold 506-char remark

   Show marketing remark (506 chars)

   * * * * * * * * * * * * * * * * Just Reduced, Motivated Seller * * * * * * * * * * * * * * * * * Wow ! Come Home To This Beautiful, Well Keep Home Right Here In Roebuck Gardens. This Home Is Just 5 Minutes Away From The Freeway, 10 Mins From Trussville, 10 Mins From Downtown. The Home Has Been Fully Updated And Has A Large Flat Fenced In Back Yard With Open Deck And Storage Shed. New Windows, New HVAC, New Roof, Total Electric. A Must See, Schedule Your Showing Today !

7. 2019-06-17
   historical 506-char remark

   Show marketing remark (506 chars)

   * * * * * * * * * * * * * * * * Just Reduced, Motivated Seller * * * * * * * * * * * * * * * * * Wow ! Come Home To This Beautiful, Well Keep Home Right Here In Roebuck Gardens. This Home Is Just 5 Minutes Away From The Freeway, 10 Mins From Trussville, 10 Mins From Downtown. The Home Has Been Fully Updated And Has A Large Flat Fenced In Back Yard With Open Deck And Storage Shed. New Windows, New HVAC, New Roof, Total Electric. A Must See, Schedule Your Showing Today !

8. 2019-06-03
   price $114,900 506-char remark

   Show marketing remark (506 chars)

   * * * * * * * * * * * * * * * * Just Reduced, Motivated Seller * * * * * * * * * * * * * * * * * Wow ! Come Home To This Beautiful, Well Keep Home Right Here In Roebuck Gardens. This Home Is Just 5 Minutes Away From The Freeway, 10 Mins From Trussville, 10 Mins From Downtown. The Home Has Been Fully Updated And Has A Large Flat Fenced In Back Yard With Open Deck And Storage Shed. New Windows, New HVAC, New Roof, Total Electric. A Must See, Schedule Your Showing Today !

9. 2019-05-21
   listed $119,900 Active 506-char remark

   Show marketing remark (506 chars)

   * * * * * * * * * * * * * * * * Just Reduced, Motivated Seller * * * * * * * * * * * * * * * * * Wow ! Come Home To This Beautiful, Well Keep Home Right Here In Roebuck Gardens. This Home Is Just 5 Minutes Away From The Freeway, 10 Mins From Trussville, 10 Mins From Downtown. The Home Has Been Fully Updated And Has A Large Flat Fenced In Back Yard With Open Deck And Storage Shed. New Windows, New HVAC, New Roof, Total Electric. A Must See, Schedule Your Showing Today !

10. 2007-08-06
    soldstatus $83,000
11. 1998-06-11
    soldstatus $49,000
12. 1994-01-01
    soldstatus $40,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $1,527 · $127/mo
• Projected year-2 tax: $1,527 · $127/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 75% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,234
• − Mortgage interest: −$6,156
• − Property taxes: −$1,527
• − Insurance: −$550
• − Repairs & maintenance: −$1,219
• − Management: −$1,219
• − Depreciation: −$3,197
• Taxable income: $1,367
• Est. tax owed @ 24.0%: −$328
• After-tax cash flow: $2,715/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Birmingham City
• NCES district ID: 0100390
• Math proficiency: 4% ▼ -17.00%
• Reading proficiency: 20% ▼ -4.00%
• Median HH income: $31,988
• Composite: 9.49/100
• National rank: #9850
• State rank: #116 of 129 in AL

Livability — Birmingham

• Score: 67/100
• State rank: #78
• US rank: #10412

Category grades

Amenities C- Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety F User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Birmingham, AL
• County: Jefferson County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• Metro: Birmingham-Hoover, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+174.8% since first listed

12 events — show timeline

• 2026-02-13 Pending — Greater Alabama MLS
• 2026-02-06 Listed $109,900 Greater Alabama MLS
• 2022-03-01 Sold (Public Records) $101,073 Public Records
• 2022-02-13 Price Changed $1,175 RENT.
• 2019-07-24 Sold (Public Records) $95,000 Public Records
• 2019-07-22 Sold (MLS) $95,000 Greater Alabama MLS
• 2019-06-17 Delisted — Greater Alabama MLS
• 2019-06-03 Price Changed $114,900 Greater Alabama MLS
• 2019-05-21 Listed $119,900 Greater Alabama MLS
• 2007-08-06 Sold (Public Records) $83,000 Public Records
• 1998-06-11 Sold (Public Records) $49,000 Public Records
• 1994-01-01 Sold (Public Records) $40,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $1,527 · +4.2% YoY. Source: county tax records.